Hong Kong’s Urban Renewal Authority has unveiled a more than HK$1 billion (US$128 million) redevelopment project in Kowloon City that will provide about 230 flats as early as 2033, although around 180 households and 20 shops will be affected.
Most tenants acknowledged on Friday the need to redevelop the ageing neighbourhood covering Ma Tau Wai Road and Lok Shan Road in To Kwa Wan, while calling for “reasonable” compensation from the authority.
Source: TRADE FINANCE
